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Wed Nov 28, 2012, 06:12 AM

Carney appointment provides fresh fodder for UK press

LONDON — Britain on Tuesday was still digesting the fact that for the first time in its 318-year history, the Bank of England would be lead by a foreigner — and the man for the job came from Canada, a former colony.

Britain’s Finance Minister George Osborne stunned analysts and journalists alike on Monday by announcing that Bank of Canada Governor Mark Carney would head the Bank of England starting in July.

The Times of London was so confident the English central bank’s deputy governor Paul Tucker would be promoted to the top that it wrote an editorial on Monday praising him as the best man for the job.

“Well, oops,” the newspaper wrote in Tuesday’s lead editorial, saying Carney was in fact the best choice. “To be fair, we did not know he was a candidate.”

http://www.thestar.com/business/article/1293750--carney-appointment-provides-fresh-fodder-for-uk-press

Finance Minister Jim Flaherty's pledge: Deficit gone by next election

Canada’s $26-billion budget deficit will be eliminated before the next federal election in 2015, Finance Minister Jim Flaherty said Thursday.

The pledge by Flaherty, made during his address at the Toronto Board of Trade, firms up the Conservatives’ timeline following conflicting statements by Flaherty and Prime Minister Stephen Harper over the last two weeks.

http://www.thestar.com/business/article/1291685--finance-minister-jim-flaherty-promises-to-slay-the-deficit-certainly-before-the-next-election

Bank of Canada: Mark Carney is not running for Liberal leader, so stop asking
OTTAWA — The Bank of Canada is trying to douse rampant speculation that Mark Carney is a potential candidate for the leadership of the Liberal party.

The bank pointed Thursday to an interview Carney gave last spring in which he said he’s not contemplating a career in politics and insisted he’s focused on his twin jobs as governor of Canada’s central bank and chairman of the international Financial Stability Board.

However, his denials to date have not been sufficiently categorical to dissuade some Liberals from dreaming of a Carney candidacy.

http://news.nationalpost.com/2012/09/28/bank-of-canada-mark-carney-is-not-running-for-liberal-leader-so-stop-asking/


Certainly looks like a lot of smoke here. Leaves B of C with two more years in his term. Screwed up or was pushed out?

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Reply Carney appointment provides fresh fodder for UK press (Original post)
CHIMO Nov 2012 OP
harpslay Nov 2012 #1
CHIMO Nov 2012 #2
riverbendviewgal Dec 2012 #3

Response to CHIMO (Original post)

Wed Nov 28, 2012, 04:09 PM

1. Just got a better job

Personally I think Mark Carney just got a better job. Would you rather be Canada's chief Central Banker, Prime Minister of Canada or Governor of the Bank of England? Pretty clear which job could be better for Carney's future earning potential, no?

While I don't think he was pushed out, I do wonder if business leaders ever forgave Carney for calling them cheap and blaming them for Canada's lagging productivity. I know that left a sour taste in the mouths of many business leaders, especially because, on closer examination, those comments were unfair.

I also wonder if maybe he was just fed up with the arbitrary way Harper operates the Federal Government...

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Response to CHIMO (Original post)

Thu Nov 29, 2012, 07:40 PM

2. Keiser Report

In this episode, Max Keiser and Stacy Herbert welcome Mark Carney to the City of London freak show at which Max predicts that Carney will play the bearded hermaphrodite who devalues the pound by 25 per cent and yet only manages to introduce an ice age of economic growth.
http://rt.com/programs/keiser-report/episode-373-max-keiser/

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Response to CHIMO (Original post)

Tue Dec 4, 2012, 05:29 PM

3. my son moved to England

He is happy Carney will be there too.

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